Stella-Jones Inc. Stock Forecast
Stella-Jones Inc. stock price down 0.563% on Monday
(Updated on Apr 22, 2024)
The Stella-Jones Inc. stock price fell by -0.563% on the last day (Monday, 22nd Apr 2024) from $80.00 to $79.55. During the last trading day the stock fluctuated 1.29% from a day low at $79.09 to a day high of $80.11. The price has been going up and down for this period, and there has been a 0.01% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -87 thousand shares and in total, 117 thousand shares were bought and sold for approximately $9.34 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Stella-Jones Inc. stock with a 90% probability to be traded between $71.71 and $81.84 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SJ.TO Signals & Forecast
The Stella-Jones Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $79.90. On a fall, the stock will find some support from the long-term average at approximately $77.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -0.773%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Stella-Jones Inc. stock
Stella-Jones Inc. finds support from accumulated volume at $79.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.02 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: $76.25 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SJ.TO) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Stella-Jones Inc. to open at $79.58, and during the day (based on 14 day Average True Range), to move between $77.87 and $81.23, which gives a possible trading interval of +/-$1.68 (+/-2.11%) up or down from last closing price. If Stella-Jones Inc. takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.60 (0.06%) than the support at $79.00 (0.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Stella-Jones Inc. stock A Buy?
Stella-Jones Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -1.000 Sell Candidate Unchanged
Predicted Opening Price for Stella-Jones Inc. of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$79.58 ( 0.0419%) | $79.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SJ.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 80.60 | 1.32 % | |
R2 | 80.21 | 0.83 % | ||
R1 | 79.97 | 0.532 % | ||
Current price: | 79.55 | |||
Support | S1 | 79.19 | -0.448 % | |
S2 | 78.95 | -0.751 % | ||
S3 | 78.56 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 80.25 | 0.88 % | |
R2 | 80.00 | 0.566 % | ||
R1 | 79.60 | 0.0629 % | ||
Current price | 79.55 | |||
Support | S1 | 79.00 | -0.691% | |
S2 | 76.30 | -4.09% | ||
S3 | 74.12 | -6.83% |
SJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Mar 28, 2024 | Apr 19, 2024 | $0.280 | 0.350% |
2 | Nov 07, 2023 | Dec 01, 2023 | Dec 21, 2023 | $0.230 | 0.304% |
3 | Aug 08, 2023 | Sep 01, 2023 | Sep 25, 2023 | $0.230 | 0.364% |
4 | May 09, 2023 | Jun 02, 2023 | Jun 23, 2023 | $0.230 | 0.357% |
5 | Mar 08, 2023 | Mar 31, 2023 | Apr 21, 2023 | $0.230 | 0.428% |
FAQ
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